Benin - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Benin was 22.72 as of 2020. Its highest value over the past 60 years was 93.13 in 1964, while its lowest value was 6.79 in 2009.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 80.00
1961 72.55
1962 82.35
1963 88.71
1964 93.13
1965 87.59
1966 78.46
1967 79.35
1968 80.31
1969 74.93
1970 79.22
1971 82.86
1972 81.92
1973 74.70
1974 57.69
1975 54.29
1976 75.36
1977 80.36
1978 78.76
1979 80.98
1980 80.33
1981 58.88
1982 70.33
1983 80.86
1984 89.46
1985 92.67
1986 86.00
1987 73.65
1988 64.95
1989 42.00
1990 47.94
1991 16.29
1992 33.75
1993 21.45
1994 32.48
1995 37.21
1996 35.72
1997 30.63
1998 27.60
1999 25.13
2000 23.45
2001 8.08
2002 17.71
2003 20.89
2004 16.18
2005 13.62
2006 13.33
2007 13.08
2008 8.90
2009 6.79
2010 10.69
2011 13.20
2012 8.57
2013 10.87
2014 16.93
2015 19.77
2016 13.38
2017 13.50
2018 13.42
2019 12.51
2020 22.72

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports